A total of 2,629 industry professionals attended the conference and trade show in Austin, TX, representing a 3.5 percent increase in total attendance over 2016.
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Fanatics Launches NBA Store Across Asia-Pacific
The National Basketball Association (NBA) and Fanatics announced a partnership to launch official online NBA stores across Asia-Pacific.
Sports Zone Follows Sheikh Shoes To Bankruptcy Court
Sports Zone Elite, the sneaker chain in Washington, DC and Maryland, became the second retailer in the last month to find its dependence on Nike to be a blessing during good times and a liability during more difficult ones.
Holiday Reading
If you are looking for a good read this holiday season – or to give to the sports fan in your family – these 2017 releases offer just that.
Sports Zone Elite Files For Bankruptcy
The filing was blamed a sales slump during the 2008 recession, a failed expansion effort and challenges securing shipments from its largest supplier, Nike.
Adidas Confirms Fitness Wearables Exit
Adidas provided further clarity into its move to consolidate its digital strategy that led to the closure of its Digital Sports business unit. The business unit was responsible for development of its fitness watches, sensor-enabled footwear, and other wearable devices.
Sports Direct’s U.S. Operations Lands In Red In First Half
Sports Direct reported underlying EBITDA in its U.S. Retail segment, including Eastern Mountain Sports and Bob’s Stores, showed a loss of £23 million due in large part to impairment charges.
Canaccord Genuity Upgrades Foot Locker To “Buy”
Canaccord Genuity raised its rating on Foot Locker to “Buy” from “Hold” due to signs of improving footwear trends, the benefits of its supply chain enhancements and its “strong and symbiotic” relationship with Nike.
Stifel Nicolaus Upgrades Under Armour And Crocs
Stifel Nicolaus upgraded Under Armour and Crocs to “Buy,” lowered Fitbit to “Sell” and lifted it price target on Nike.
Deutsche Bank Turns Bullish On Athletic Stocks
Deutsche Bank upgraded its stock ratings on both Lululemon and Finish Line while lifting its price targets on Nike, Under Armour, Foot Locker, Dick’s Sporting Goods, Hibbett Sports and Big 5 due to improving fundamentals for the athletic channel.
Morgan Stanley Raises Price Target On Dick’s Sporting Goods
Morgan Stanley raised its price target on Dick’s Sporting Goods to $30 from $28, believing the “company and stock are at a pivotal moment.”
Arvada Colorado Ski & Golf Gets Name Change And New Location
The new space will be shared with the existing Bicycle Village store in Westminster, CO.
Cowen Cuts Adidas’ Estimates On North America Growth Concerns
Cowen lowered its estimates on Adidas for 2018 due to its belief that Nike’s product cycle is improving, heightened promotions are being seen in North America on the Adidas brand, and a possible moderation in Europe.
Golden Shoes Light Up Toronto’s Bata Shoe Museum
Among the glittering foot candy is a pair of gold Jeremy Scott x Adidas sneakers, but gilded footwear has been around for centuries.
Jim Calhoun Joins Hologenix
Hologenix LLC, the maker of Celliant mineral-based textile technology, announced the appointment of Jim Calhoun, most recently president of Converse, as chief executive officer.
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